RiverNorth/DoubleLine Strategic Opportunity Fund
OPP
53 hedge funds and large institutions have $49.9M invested in RiverNorth/DoubleLine Strategic Opportunity Fund in 2023 Q2 according to their latest regulatory filings, with 4 funds opening new positions, 20 increasing their positions, 14 reducing their positions, and 6 closing their positions.
43% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 14
1.12% more ownership
Funds ownership: 29.23% → 30.34% (+1.1%)
4% less funds holding
Funds holding: 55 → 53 (-2)
8% less capital invested
Capital invested by funds: $54M → $49.9M (-$4.11M)
33% less first-time investments, than exits
New positions opened: 4 | Existing positions closed: 6
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$3.02M |
| 2 |
CCP
Clough Capital Partners
Boston,
Massachusetts
|
+$1.9M |
| 3 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
+$1.09M |
| 4 |
QL
Quarry LP
New York
|
+$863K |
| 5 |
NA
NewEdge Advisors
New Orleans,
Louisiana
|
+$701K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
SIA
Sit Investment Associates
Minneapolis,
Minnesota
|
-$4.15M |
| 2 |
UBS Group
Zurich,
Switzerland
|
-$461K |
| 3 |
CF
Centaurus Financial
Anaheim,
California
|
-$419K |
| 4 |
Walleye Capital
New York
|
-$363K |
| 5 |
LCM
Landscape Capital Management
Englewood,
New Jersey
|
-$319K |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
GWM
51
Geneos Wealth Management
Englewood,
Colorado
| $2.95K | – | – | – |
|
|
EWA
52
EverSource Wealth Advisors
Birmingham,
Alabama
| $632 | – | – | – |
|
53
JP Morgan Chase
New York
| $572 | -$23.3K | -2,835 | -98% |
|
|
54
Walleye Capital
New York
| – | -$363K | -42,926 | Closed |
|
55
HighTower Advisors
Chicago,
Illinois
| – | -$232K | -28,321 | Closed |
|
|
AC
56
Almitas Capital
Santa Monica,
California
| – | -$233K | -27,526 | Closed |
|
|
ASN
57
Advisory Services Network
Atlanta,
Georgia
| – | -$56.3K | -6,657 | Closed |
|
58
Bessemer Group
Woodbridge,
New Jersey
| – | -$5K | -564 | Closed |
|
|
GI
59
Gradient Investments
Arden Hills,
Minnesota
| – | -$4.19K | -495 | Closed |
|
OPP Hedge Fund Activity: Q2 2023 in Review
53 of the 6,370 institutional investors tracked by Wall St. Rank reported a position in RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) for Q2 2023, worth a combined $49.9M — down 7.6% from $54M a quarter earlier.
Sellers outnumbered buyers: 6 funds closed out of OPP and 4 opened new positions — a net loss of 2 holders — while 14 trimmed existing stakes and 20 added.
The largest buyer was Morgan Stanley, adding an estimated $3.02M. The largest seller was Sit Investment Associates, cutting an estimated $4.15M.
- 53 institutional investors held RiverNorth/DoubleLine Strategic Opportunity Fund (OPP) as of Q2 2023, down from 55 in Q1 2023.
- Funds reported $49.9M of RiverNorth/DoubleLine Strategic Opportunity Fund stock for Q2 2023, down 7.6% quarter-over-quarter.
- 4 funds opened new RiverNorth/DoubleLine Strategic Opportunity Fund positions in Q2 2023 and 6 closed out, a net change of -2 holders.
- The largest RiverNorth/DoubleLine Strategic Opportunity Fund buyer in Q2 2023 was Morgan Stanley, an estimated $3.02M added.
- The largest RiverNorth/DoubleLine Strategic Opportunity Fund seller in Q2 2023 was Sit Investment Associates, an estimated $4.15M sold.
Based on aggregated 13F filings for Q2 2023.